_____ takes advantage of labor arbitrage by procuring a product or service from a company that operates in another country.
A)Business process outsourcing
B)Full-Insourcing
C)Full-Outsourcing
D)Offshoring
E)Selective Outsourcing

Question

Quizplus · Accepted Answer

Offshoring is the practice of procuring a product or service from a company that operates in another country, taking advantage of labor arbitrage, which is the cost advantage that arises when using resources from a country with lower labor costs.

_____ Takes Advantage of Labor Arbitrage by Procuring a Product